CONCRETE CO. $170,000 NET
ConstructionFor Sale in Camden County, NJ
Financial & Assets Details
About the Business
Owner retiring from this phenomenally successful Concrete Mason Company located in Central New Jersey and in Camden County and Owner Financing. This wonderful business opportunity has a consistent net yearly income with continued growth. This business can be relocated anywhere the new operator prefers. This well-known concrete company is among the premier concrete construction companies in Central New Jersey. Backed by skilled workers and an unparalleled dedication to quality and longevity the company is known as the number-one choice for quality concrete and masonry. Their commitment to customer service and client satisfaction is equal to their determination that every project be completed to perfection. They offer numerous services, such as decorative stamped concrete, concrete driveways, concrete sealing, drain tile, bricklaying and more. This is a dependable safe business opportunity and offers owner financing. The 2021 yearly gross income represented by the seller owner is $618,751 and the business has a yearly net income of approximately $170,000 based on an onsite owner operator and prior to any debt service. The 2022 company’s gross income has increased, projected at $750,000 with a further increase in net yearly income. Also, due to a percentage of non-disclosed income, a formal due diligence is recommended by the purchaser.
Growth & Expansion
The business opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.
Also, seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
The company is located in Camden County as a home-based business and must be relocated to any new facility. This opportunity is in Central New Jersey, which consists of various highly populated communities with continued demand for this service.
Support & Training
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
The purpose of this business transaction is due to the owner retirement after many years in this construction industry